Rubber-Tired Gantry Crane Market Analysis

Rubber-Tired Gantry Crane Market Analysis

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Based on wheels, the market is divided into 8-wheeler and 16-wheeler. In 2023, the 16-wheeler segment accounted for a market share of over 60%. The propulsion of the 16-wheeler segment is attributed to its increased lifting capacity. These cranes, equipped with 16 wheels, excel in handling heavier containers, making them indispensable for applications with substantial cargo loads. The enhanced lifting capabilities not only contribute to the efficiency of container handling operations but also make the 16-wheeler RTGs a preferred choice in scenarios where heavy & oversized containers are prevalent, ensuring optimal performance in diverse port and terminal environments.
 

Based on power supply, the rubber-tired gantry crane market is categorized into diesel, electric, and hybrid. In 2023, the diesel segment accounted for a market share of over 51% and is projected to grow by 2032. The diesel segment in the RTG market is propelled by its high power and performance capabilities. Diesel-powered RTGs boast robust engines, delivering substantial power for heavy-duty tasks, thereby making them indispensable for efficiently lifting and moving large containers in demanding port environments.
 

Their versatility allows operation in diverse conditions without reliance on fixed power sources, ensuring adaptability across various container yards. With rapid deployment, increased lifting capacity, and operational independence from grid power, diesel RTGs maintain their relevance, particularly in scenarios demanding powerful, flexible & quickly deployable container handling solutions.
 

Asia Pacific dominated the rubber-tired gantry crane market with a major share of over 41% in 2023. The introduction of electric rubber-tired gantry (RTG) cranes to support CO2 reduction initiatives is a key driver propelling the Asia Pacific market. As industries prioritize sustainability, the shift toward electric-powered RTGs aligns with environmental goals, reducing carbon emissions.
 

For instance, in October 2023, four electric Rubber Tired Gantry (e-RTG) cranes were delivered to the International Container Transhipment Terminal (ICTT) in Kerala, India operated by DP World. The deployment of these e-RTGs at ICTT is in line with DP World's broader sustainability initiative, aiming to achieve a 28% reduction in CO2 emissions by 2030.